Benchmark restated their buy rating on shares of NVIDIA (NASDAQ:NVDA) in a report released on Wednesday, 24/7 WallStreet reports. The brokerage currently has a $210.00 price target on the computer hardware maker’s stock.
A number of other brokerages also recently commented on NVDA. Cascend Securities upgraded shares of NVIDIA from a hold rating to a buy rating and set a $190.00 target price for the company in a report on Thursday, July 11th. FBN Securities set a $190.00 target price on shares of NVIDIA and gave the stock a buy rating in a report on Friday, August 16th. BMO Capital Markets reiterated a market perform rating and issued a $145.00 target price on shares of NVIDIA in a report on Friday, August 16th. Stifel Nicolaus reduced their target price on shares of NVIDIA from $150.00 to $145.00 and set a hold rating for the company in a report on Tuesday, May 14th. Finally, Craig Hallum reiterated a hold rating and issued a $170.00 target price (up from $165.00) on shares of NVIDIA in a report on Friday, August 16th. Three investment analysts have rated the stock with a sell rating, fourteen have issued a hold rating and twenty-eight have issued a buy rating to the company’s stock. The stock presently has an average rating of Buy and an average target price of $190.40.
NASDAQ:NVDA opened at $162.44 on Wednesday. NVIDIA has a 1-year low of $124.46 and a 1-year high of $292.76. The company has a 50-day moving average of $164.03 and a 200 day moving average of $163.88. The firm has a market cap of $104.43 billion, a PE ratio of 26.76, a price-to-earnings-growth ratio of 4.40 and a beta of 2.07. The company has a debt-to-equity ratio of 0.24, a current ratio of 8.65 and a quick ratio of 7.74.
NVIDIA (NASDAQ:NVDA) last released its quarterly earnings data on Thursday, August 15th. The computer hardware maker reported $1.24 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.87 by $0.37. The company had revenue of $2.58 billion during the quarter, compared to analyst estimates of $2.55 billion. NVIDIA had a net margin of 26.93% and a return on equity of 24.40%. The firm’s revenue for the quarter was down 17.4% compared to the same quarter last year. During the same period in the prior year, the firm earned $1.94 earnings per share. Sell-side analysts anticipate that NVIDIA will post 4.08 EPS for the current fiscal year.
The business also recently disclosed a quarterly dividend, which will be paid on Friday, September 20th. Stockholders of record on Thursday, August 29th will be issued a dividend of $0.16 per share. The ex-dividend date of this dividend is Wednesday, August 28th. This represents a $0.64 annualized dividend and a dividend yield of 0.39%. NVIDIA’s dividend payout ratio (DPR) is currently 10.54%.
In related news, CFO Colette Kress sold 2,236 shares of the stock in a transaction that occurred on Friday, June 28th. The shares were sold at an average price of $164.01, for a total value of $366,726.36. Following the transaction, the chief financial officer now owns 239,710 shares in the company, valued at approximately $39,314,837.10. The sale was disclosed in a filing with the SEC, which is available through this link. Also, Director Harvey C. Jones sold 100,000 shares of the stock in a transaction that occurred on Monday, June 17th. The stock was sold at an average price of $145.10, for a total transaction of $14,510,000.00. Following the completion of the transaction, the director now owns 32,983 shares in the company, valued at approximately $4,785,833.30. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 107,236 shares of company stock worth $15,712,126. Corporate insiders own 4.64% of the company’s stock.
A number of large investors have recently modified their holdings of the stock. LS Investment Advisors LLC increased its holdings in NVIDIA by 0.5% in the 1st quarter. LS Investment Advisors LLC now owns 11,952 shares of the computer hardware maker’s stock worth $2,146,000 after buying an additional 62 shares during the period. McIlrath & Eck LLC boosted its position in NVIDIA by 14.5% in the 1st quarter. McIlrath & Eck LLC now owns 496 shares of the computer hardware maker’s stock worth $89,000 after purchasing an additional 63 shares in the last quarter. Tradewinds Capital Management LLC boosted its position in NVIDIA by 19.8% in the 1st quarter. Tradewinds Capital Management LLC now owns 393 shares of the computer hardware maker’s stock worth $71,000 after purchasing an additional 65 shares in the last quarter. Landsberg Bennett & Dubbaneh LLC boosted its position in NVIDIA by 1.0% in the 2nd quarter. Landsberg Bennett & Dubbaneh LLC now owns 7,160 shares of the computer hardware maker’s stock worth $1,190,000 after purchasing an additional 68 shares in the last quarter. Finally, Hanson McClain Inc. boosted its position in NVIDIA by 9.8% in the 1st quarter. Hanson McClain Inc. now owns 772 shares of the computer hardware maker’s stock worth $139,000 after purchasing an additional 69 shares in the last quarter. Institutional investors own 66.93% of the company’s stock.
NVIDIA Company Profile
NVIDIA Corp. engages in the design and manufacture of computer graphics processors, chipsets, and related multimedia software. It operates through the Graphics Processing Unit (GPU) and Tegra Processor segments. The GPU segment comprises of product brands which aims specialized markets including GeForce for gamers; Quadro for designers; Tesla and DGX for AI data scientists and big data researchers; and GRID for cloud-based visual computing users.
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